CK Hutchison Considers Listing Telecom Unit in Hong Kong, London

CK Hutchison Holdings is considering options for its global telecom business, including a potential Hong Kong listing, according to sources. The company has been in talks with Citigroup and Goldman Sachs about a listing, which could happen as soon as 2026. CK Hutchison has also considered London as a potential market and has been studying other alternatives, such as the sale of certain markets or consolidation in individual countries. No final decisions have been made.

Title: CK Hutchison Holdings Mulls Options for Global Telecom Business, Including Potential Hong Kong Listing

CK Hutchison Holdings Ltd. is exploring various options for its global telecom business, including a potential Hong Kong listing, according to sources familiar with the matter. The conglomerate, controlled by billionaire Li Ka-shing, has been in preliminary discussions with advisers at Citigroup Inc. and Goldman Sachs Group Inc. about a prospective listing [1]. The company has also considered London as a potential market for the listing and could decide to add it as a second venue [1].

CK Hutchison has been studying other alternatives for the telecom business, such as the sale of certain markets or consolidation in individual countries [1]. No final decisions have been made on the listing location and other details of the offering [1]. Work on a potential deal for the telecom business has been slow as CK Hutchison navigates political headwinds around the planned sale of its global ports business to a consortium backed by BlackRock Inc. [1].

The company operates telecom businesses in the UK, Italy, Sweden, Denmark, Austria, and Ireland under 3 Group Europe. 3 Group Europe had about 60.5 million registered mobile customers as of the end of June, with 56.6 million of them active users [1]. CK Hutchison and Vodafone Group Plc merged their businesses in the UK in a $19 billion deal that was completed this year [1].

In Hong Kong, CK Hutchison has a 66.09% stake in Hutchison Telecommunications Hong Kong Holdings, which provides mobile services in the city and Macau under the “3” brand [1]. The company also runs telecom services in Australia and Southeast Asia via its joint ventures [1].

The stock price of CK Hutchison Holdings Limited gained 0.684% on the last trading day (Thursday, 28th Aug 2025), rising from HK$51.15 to HK$51.50 [2]. The stock lies in the lower part of a wide and strong rising trend in the short term, and this may normally pose a very good buying opportunity [2]. The stock is expected to rise 14.59% during the next 3 months and, with a 90% probability, hold a price between HK$58.09 and HK$64.32 at the end of this 3-month period [2].

A representative for CK Hutchison referred a media query to the company’s statement in March, when it said that from time to time the group receives proposals and explores opportunities to enhance long-term value to shareholders [1]. Those include possible transactions for its global telecom assets, such as a spinoff listing [1]. At that time, the company had not made any decision [1].

References

[1] https://www.bloomberg.com/news/articles/2025-08-29/ck-hutch-mulls-options-for-telecom-business-including-hk-listing
[2] https://stockinvest.us/stock/0001.HK